CENTRAL RECRUITMENT & PROMOTION DEPARTMENT,

CORPORATE CENTRE, MUMBAI

(Phone : 022-2282 0427; Fax : 022-2282 0411; E-mail : crpd@sbi.co.in)

ADVERTISEMENT NO. CRPD/SCO-WM/2015-16/10

RECRUITMENT OF OFFICERS IN SPECIALISED POSITIONS FOR

WEALTH MANAGEMENT IN STATE BANK OF INDIA
1. Online Registration of Application starts from : 16.03.2016
2. Last date for Online Registration of Application & Payment of Fees : 31.03.2016
3. Last date for receipt of the print out of Online application along with enclosures at SBI, CRPD, Corporate Centre, Mumbai: 07.04.2016
State Bank of India invites Online applications from Indian citizens for appointment in following Positions in Specialist Cadre for wealth
management in State Bank of India on contract basis. Candidates are requested to apply Online through link given in careers with us section of
Bank's website www.statebankofindia.com or www.sbi.co.in
PLEASE NOTE THAT
1. A candidate can apply for only one post under this project.
2. The process of Registration of application is completed only when fee is deposited with the Bank through Online mode on or before the last
date for fee payment.
3. Before applying, candidates are requested to ensure that they fulfill the eligibility criteria for the post as on the date of eligibility. Shortlisting &
interview will be purely provisional without verification of documents. Candidature will be subject to verification of details/documents when the
candidate reports for interview if called.
4. Candidates are advised to check Bank's website www.statebankofindia.com or www.sbi.co.in for details and updates.
VACANCIES AND OTHER DETAILS IN RESPECT OF VARIOUS POSTS AS DETAILED BELOW:
Sr.
No.

Position

Location wise
vacancies
Centre

Acquisition
Relationship
Managers

Bangalore
Hyderabad
Pune
Chennai
Ahmedabad
NCR
Mumbai
Kochi
Thiruvananthpurm
Bhopal

Sub-Total
2

Relationship
Managers

Relationship
Manager
(Team Lead)

No.
4
5
4
3
3
7
9
2
1
1
39

20

OBC SC

10

ST

Total

4
5
4
3
3
7
9
2
1
1
39

14

14

Hyderabad

Pune

Chennai

Ahmedabad

NCR

17

17

Mumbai

12

12

Kochi

Thiruvananthpurm

Bhopal

71

36

19

11

71

OH

HI

Minimum Educational
Qualification as on
01.03.2016

Experience as on
01.03.2016

Min

Max

22

35

Graduate from Government

recognized University or Institution.

Minimum 2 years of experience as a

Relationship Manager in
Wealth Management.

23

35

Graduate from Government

recognized University or Institution.

Minimum 3 years of experience as a

Relationship Manager in
Wealth Management.

25

40

Graduate from Government

recognized University or Institution.

Minimum 4 years of experience as a

Relationship Manager in
Wealth Management.
Experience as a Team Lead is preferred.

Bangalore

Mumbai

NCR

1
1

30

50

Graduate from Government

recognized University or Institution.

Minimum 10 years experience in

Managing Sales in Wealth Management/
Corporate Banking/Investments in the
Financial services industry. Minimum 5 years
experience in Corporate Sale

30

50

Graduate from Government

recognized University or Institution.

Minimum 10 years experience in

Managing Sales in Wealth Management/
Retail Banking/Investments in the
Financial services industry.

25

40

Graduate from Government

recognized University or Institution.

Minimum 5 years overall experience in

Wealth Management/ Retail Banking/
Investments in the Financial services industry.

Zoanl Head /
Senior RM-Sales
(Corporate &
SMEs)

Mumbai

Zoanl Head /
Senior RM-Sales
(Retail HNI)

Bangalore

Delhi

Risk Officer
(Mid-Office)

Corporate
Centre, Mumbai

Gen

AGE (Years)
as on
01.03.2016

Bangalore

Sub-Total
3

Category-wise
vacancies

(Contd. on next page...)

(...contd. from previous page)

Position

Sr.
No.

Location wise
vacancies
Centre

Category-wise
vacancies
No.

Gen
1

OBC SC

ST

Total

Max

25

40

Graduate from Government

recognized University or Institution.

Minimum 5 years overall experience

in Wealth Management industry and
minimum 3 yrs experience in compliance
in Wealth Management

23

35

Graduate from Government

recognized University or
Institution, preferably
possessing the minimum
qualifications and certifications
mandated by SEBI for Investment
Advisers under SEBI Investment
Advisers Regulations would be
preferred,
CFP qualification may be an
added advantage

Minimum 3 years of experience as an

Investment advisor/counsellor/part of Product
Team in Wealth Management.
Following skills are preferred:
l
Good knowledge on investments and
markets across asset classes
l
Experience in managing and advising
client portfolios
l
Good knowledge on asset allocation and
re-balancing techniques
l
Superior presentation skills & other core
competencies like leadership and team work
Experience in managing and on-boarding
products- fixed income, equity & alternates

Compliance
Officer

Corporate
Centre, Mumbai

Investment
Counsellors

Bangalore

Hyderabad

Pune

Chennai

Ahmedabad

NCR

Mumbai

Kochi

Thiruvananthpurm

Bhopal

17

17

OH

HI

Experience as on
01.03.2016

Min

Sub-Total

Minimum Educational
Qualification as on
01.03.2016

AGE (Years)
as on
01.03.2016

Project
Development
Manager Business

Corporate
Centre, Mumbai

25

40

MBA/MMS/PGDM from
reputed college/ university

Minimum 4 years experience in banking

preferably in a supervisory function

10

Project
Development
Manager Technology

Corporate
Centre, Mumbai

25

40

MBA/MMS/PGDM from
reputed college/ university,
ME/M. Tech/BE/ B. Tech from
reputed college/university

Minimum 4 years experience in banking

technology preferably in a business function

11

Customer
Relationship
Executives

Bangalore

20

35

Hyderabad

Graduate from Government

recognized University or Institution.

Pune

Experience in documentation requirements

of financial products and good
communications skills would be desirable.

Chennai

Ahmedabad

NCR

Mumbai

Kochi

Thiruvananthpurm

Bhopal

Sub-Total
Grand-Total

15

15
152

Above are positions on contract basis with provisions for termination from either side by giving 3 months notice. The selected candidates will be required to sign an employment contract.
Category : GEN-General, SC- Scheduled Caste, ST- Scheduled Tribe, OBC- Other Backward Classes, PWD- Persons with Disability, OH- Orthopedically Handicapped, HI- Hearing Impaired.
Please note that change of category will not be permitted at any stage after registration of online application.
NOTE :
1. Candidates belonging to OBC category but coming in the 'creamy layer' are not entitled to OBC reservation and age relaxation. They should indicate their category as 'GENERAL' or GENERAL (OH/HI),
as applicable.
2. Caste certificate issued by Competent Authority on format prescribed by the Government of India will have to be submitted by the SC/ST candidates, if called for interview.
3. A declaration will have to be submitted in the prescribed format by candidates seeking reservation under OBC category stating that he/she does not belong to the creamy layer as on 01.03.2016.
OBC certificate containing the 'Non-creamy layer' clause, issued during the period 01.04.2015 to the date of interview, should be submitted by such candidates, if called for interview.
4. The number of vacancies including reserved vacancies mentioned above are provisional and vary according to the actual requirement of the Bank.
5. Candidates applying for a particular post may be considered for any other post mentioned in the advertisement, at the discretion of the Bank.
6. Maximum age indicated is for General category candidates. Relaxation in upper age limit will be available as detailed under:
Relaxation in upper age (for reserved vacancies): For:- SC/ST-5 Years; OBC-3 Years; PWD(SC/ST)-15 Years; PWD(OBC)-13 Years; PWD(GEN)-10 Years
A. JOB PROFILE :
Position

Job Profile in brief

Acquisition Relationship
Managers

Acquiring, nurturing, growing and strengthening relationship within the Affluent and HNI segment of customers in order to meet business
objectives

Relationship Managers

n
Acquiring, nurturing growing and strengthening relationship within the Affluent and HNI segment of customers in order to meet business
objectives
n
Cross Selling a range of Investment and Insurance products to these customers in order to meet their financial planning objectives and thus
attaining the revenue objectives of the Wealth Management business
n
Focusing on increasing the Total Relationship Value (TRV) and Assets Under Management (AUM) of customers as per the business objectives

Relationship Managers
(Team Lead)

n
Managing a team of Relationship Mangers for the Wealth Management Business and ensuring the team achieves targets.

Any other matter, as

may be entrusted by
the Bank from time
to time

n
Acquiring, nurturing growing and strengthening relationship within the Affluent and HNI segment of customers in order to meet business
objectives
n
Cross Selling a range of Investment and Insurance products to these customers in order to meet their financial planning objectives and thus
attaining the revenue objectives of the Wealth Management business
n
Focusing on increasing the Total Relationship Value (TRV) and Assets Under Management (AUM) of customers as per the business objectives

Zonal Head - Sales

(Corporate & SMEs)

Zonal Head - Sales

(Retail HNI)

l
Managing a Wealth Management Corporate and SME Sales in the Zone allocated
l
Focusing on increasing the Total Relationship Value (TRV) and Assets Under Management (AUM) of customers as per the business objectives
l
Managing a Wealth Management Retail Sales in the Zone allocated
l
Focusing on increasing the Total Relationship Value (TRV) and Assets Under Management (AUM) of customers as per the business objectives

(Contd. on next page...)

(...contd. from previous page)

Position

Job Profile in brief

Risk Officer (Mid-Office)

Formulating the Risk Management Guidelines, transaction monitoring and proactively identifying and mitigating the risks for the Wealth
Management Business

Compliance Officer

Ensuring Compliance of the Wealth Management Business Activities with the Regulatory and Internal Compliance Guidelines

Investment Counsellors

Advising clients on range of financial services products.

n
n
Assisting the Relationship Manager in providing expert opinion regarding investments.
n
Work closely with RMs for creation and implementation of financial plans.
n
Conduct a Financial Needs Analysis and Risk Profiling for customers of the Bank.
n
Periodic portfolio reviews for all customer.

Project Development
Manager - Business

1.
2.
3.
4.
5.

Managing relationships with various business partners

Exploring and entering into new business partnerships for existing as well as new business streams
Working closely with the business heads on strategy formulation and reporting to top management
Co-ordinating with the PMO team and LHO teams during rollout
Creating and documenting standard operating processes to be followed for existing and new business lines

Project Development
Manager - Technology

1.
2.
3.
4.
5.

Managing relationships with the technology partners

Understanding and communicating business requirements to the IT team and technology partners
Working closely with the bank IT teams to ensure timely delivery of developments
Co-ordinating with various Bank IT teams and business teams for new developments, integrations or bug-fixes in existing Bank platforms
Creating and documenting operating manuals for technology interfaces at user level

Customer Relationship
Executives

CREs are responsible for providing on ground support to Relationship Managers in collecting the documents from the customers and sending it
to the relevant department for service requests where documentation or in person meeting with customer is required.

Any other matter, as

may be entrusted by
the Bank from time
to time

B. REMUNERATION : Remuneration offered will be on CTC basis and is negotiable based on

candidate's qualifications, experience and overall suitability for the respective posts.

vii) There is also a provision to reprint the e-Receipt and Application form containing fee details, at
later stage.

C. SELECTION PROCEDURE :

Note : For any queries regarding registration, please e-mail to : sbirect@ibpsorg.org

Selection will be based on Short listing and Personal Interview.

Interview : Adequate number of candidates as decided by the Bank will be shortlisted based on
their qualification, experience and overall suitability for Interview. The qualifying marks in Interview
will be as decided by the Bank.

c) Copies of the application (registered online) along with photocopies of (i) ID proof
(ii) Proof of Date of Birth (iii) Educational Certificates: Mark-Sheets/Degree Certificate
(iv) Experience certificates (v) Brief resume (vi) e-Receipt for fee payment (vii) SC/ST
certificate, OBC (With Non creamy layer clause) certificate, PWD certificate as
applicable should be sent to State Bank of India, Central Recruitment & Promotion
Department, Corporate Centre, 3rd Floor, Atlanta Building, Nariman Point, Mumbai - 400
021 by post so as to reach us latest by 7th April, 2016.

Merit List : Merit list for selection will be prepared in descending order on the basis of scores
obtained in interview only. In case more than one candidate score the cut off marks [common mark
at cut off point], such candidates will be ranked according to their age in descending order, both in
the select list as well as in the wait list.

In case of non-receipt of photo copies of online application with required documents by the
aforesaid date, their candidature will not be considered for short listing and interview.

D. HOW TO APPLY :

E) GENERAL INFORMATION :

l
Candidates should have valid email ID which should be kept active till the declaration of results.
It will help him/her in getting call letter/interview advices etc. by email.

i)

a) GUIDELINES FOR FILLING ONLINE APPLICATION :

i)

Candidates will be required to register themselves online through Bank's website

www.statebankofindia.com or www.sbi.co.in and pay the application fee using debit card/
credit card/ Internet Banking etc.

ii) Candidates should first scan their latest photograph and signature. Online application will not
be registered unless candidate uploads his/her photo and signature as specified.
iii) Candidates should visit Bank's website www.statebankofindia.com or www.sbi.co.in and
open the appropriate Online Application Format, available in the 'Recruitment link'.
iv) Candidates should fill the application carefully. Once the application is filled in completely,
candidate should submit the data. In the event of candidate not able to fill the data in one go, he
can save the data already entered. When the data is saved, a provisional registration number
and password will be generated by the system and displayed on the screen. Candidate should
note down the registration number and password. They can re-open the saved data using
registration number and password and edit the particulars, if needed. This facility will be
available for three times only. Once the application is filled in completely, candidate should
submit the data and proceed for online fee payment.
b) PAYMENT OF FEES :
i)

Application fees and Intimation Charges (Non-refundable) Rs. 600/- for General and OBC
candidates; Rs.100/- (Intimation charges only) for SC/ST/PWD candidates.

ii) Fee payment will have to be made online through payment gateway available thereat.
iii) After ensuring the correctness of the particulars of the application form candidates are required
to pay fees through the payment gateway integrated with the application. No change/edit will be
allowed thereafter.
iv) The payment can be made by using debit card / credit card / Internet Banking etc. by providing
information as asked on the screen. Transaction charges for online payment, if any, will be
borne by the candidates.
v) On successful completion of the transaction, e-receipt and application form with the date
entered by the candidate will be generated, which should be printed and retained by the
candidate.
vi) If the online transaction is not successfully completed, please register again and make
payment online.

Candidates should satisfy themselves about their eligibility for the post applied for.

ii) Candidates serving in Govt./Quasi Govt. offices, Public Sector undertakings including
Nationalised Banks and Financial Institutions are advised to submit 'No Objection Certificate'
from their employer at the time of interview, failing which their candidature may not be
considered and travelling expenses, if any, otherwise admissible, will not be paid.
iii) In case of selection, candidates will be required to produce proper discharge certificate from
the employer at the time of taking up the appointment.
iv) Candidates are advised in their own interest to apply online much before the closing date and
not to wait till the last date to avoid the possibility of disconnection / inability / failure to log on to
the website on account of heavy load on internet or website jam.
v) SBI does not assume any responsibility for the candidates not being able to submit their
applications within the last date on account of aforesaid reasons or for any other reason
beyond the control of SBI.
vi) IN CASE IT IS DETECTED AT ANY STAGE OF RECRUITMENT THAT A CANDIDATE DOES
NOT FULFIL THE ELIGIBILITY NORMS AND / OR THAT HE / SHE HAS FURNISHED ANY
INCORRECT / FALSE INFORMATION OR HAS SUPPRESSED ANY MATERIAL FACT(S),
HIS / HER CANDIDATURE WILL STAND CANCELLED. IF ANY OF THESE
SHORTCOMINGS IS / ARE DETECTED EVEN AFTER APPOINTMENT, HIS /HER
SERVICES ARE LIABLE TO BE TERMINATED.
vii) Candidates are advised to keep their e-mail ID alive for receiving advices, viz. call letters/
Interview date advices etc.
viii) DECISIONS OF BANK IN ALL MATTERS REGARDING ELIGIBILITY, CONDUCT OF
INTERVIEW, OTHER TESTS AND SELECTION WOULD BE FINAL AND BINDING ON ALL
CANDIDATES. NO REPRESENTATION OR CORRESPONDENCE WILL BE ENTERTAINED
BY THE BANK IN THIS REGARD.
ix) Outstation candidates, called for interview will be paid AC III Railway fare (Mail/Express)by the
shortest route in India or actual expenses, (if travelled by other modes), whichever is less.
Local travelling expenses will not be paid.
x) Appointment of selected candidate is subject to his/her being declared medically fit as per the
requirement of the Bank. Such appointment will also be subject to the service and conduct
rules of the Bank for such post in the Bank, in force at the time of joining the Bank.
xi) Any legal proceedings in respect of any matter of claim or dispute arising out of this
advertisement and/or an application in response thereto can be instituted only in Mumbai and
courts/tribunals/ forums at Mumbai only shall have sole and exclusive jurisdiction to try any
cause/dispute.

CANVASSING IN ANY FORM WILL BE A DISQUALIFICATION

Mumbai,
Date: 16.03.2016

GENERAL MANAGER
The Bank is not responsible for printing errors, if any